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Solana Price Analysis: Breaks to All-Time High Solana (SOL/USD) the 10th-largest cryptocurrency by market capitalization, with a total market cap of over $21 billion reached a new all-time high of $81.97. The rally is showing signs of a slow down after it rallied more than 120% since the beginning of the month. Equal Waves Pattern From a technical perspective, SOL/USD has rallied in a three wave pattern from the low of $1.27. According to the Elliott Wave theory, the magnitude of wave A should be equal to the magnitude of wave C. To find the possible end of wave C, the Fibonacci extension tool can be used to project wave C which can be 100% Fib extension of wave A and B. In our case, the 100% Fibonacci extension comes in at $76.64, which is exactly near the levels were the rally has started to lose steam. To the downside, possible support areas come in at the end of wave A of $58.92 followed by $41.0. On the flips side if the current rally wants to extend more, we have the 1.272 Fibonacci extensions at $92.33 and 1.618 Fibonacci extensions that come at $112.27.
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by cryptohopper
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XpresSpa (XSPA) Ascending ChannelXSPA has been operating in an ascending channel. There have been two breaks but both times that stock has returned back into the ascending channel. One break would be enough to scare away investors, but two breaks seems rather odd. What caused these breaks? From what I can tell, the stock seems to be doing well with COVID-19. XSPA offers onsite testing for COVID-19 in multiple airports. A lot of people travel during the summer which could be affecting the XSPA stock price. The more people that travel, the more people they test. Although this summer hasn't been particularly exciting for travelers, there are still those who have been vaccinated who feel safe.
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by InvestorCowboy
Alteryx (AYX) Descending ChannelsAYX has formed two descending channels. The first channel had a short breakout followed by the second channel. The second channel is interesting because it breaks but re-enters the channel shortly. AYX is still operating in the descending channel, but I'm not sure whether to be excited or concerned. The break and re-enter on the second channel will worry most investors. What could have caused this anomaly? AYX posted their earnings which is noted by tradingview as a "surprise". AYX beat their expectations which spurred investors to re-enter. With the stock still operating in the descending channel, it's unclear how long investors will hold.
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by InvestorCowboy
BTC.D probabilityafter hitting the first target we are going for the second one which is the midline of the bullish channel. I believe the could be some retracement in that area however, we have 3 possible scenario 1- bounce down to the red support which will lead us into an alt party 2- bounce down but the upper band of static channel support it 3- without any bouncing break the mind and goes for higher numbers all of these options possible but I believe number 1 and 2 is more possible if we check the history and the history wanted to be repeat so we need an alt party
CRYPTOCAP:BTC.D
by ZorgOros